Friday, February 25, 2011

America's Financial Statement


This report looks at the federal government as if it were a business, with the goal of informing thedebate about our nation’s financial situation and outlook. In it, we examine USA Inc.’s incomestatement and balance sheet. We aim to interpret the underlying data and facts and illustrate patterns and trends in easy-to-understand ways. We analyze the drivers of federal revenue andthe history of expense growth, and we examine basic scenarios for how America might movetoward positive cash flow.